Walmart CEO Predicts $10 Billion In eCommerce Sales
Walmart CEO Mike Duke expects his company to hit $10 billion in global eCommerce sales this year, according to All Things D. Duke made the comments at the company’s shareholder meeting on Friday.
Walmart’s acquisition of Chinese eRetailer Yihaodian has helped to boost the projection, which Walmart pegged at closer to $9 billion earlier in the year. All Things D notes that the eCommerce boost still represents a “sliver” of Walmart’s overall revenue, which hit $469 billion in 2012.
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